2023-07-21-莱坊-UK_Cities_Glasgow_Q2_2023_1页_298kb

Glasgow Office Market Q2 2023 Summary

This report provides an updated quarterly analysis of the office market in the Glasgow region for Q2 2023. Key metrics include investment data, demand and supply dynamics, vacancy rates, and specific transactions.

Investment and Activity

Occupational investment shows a take-up of 100,000 sq ft, with demand and supply activity tracking yield changes. Investments are noted for schemes due for completion between 2023 and 2025, totaling 736,029 sq ft, with distribution and transport sectors leading in occupation at 72,999 sq ft and 31 transactions.

Market Indicators

• Vacancy rates are at 8.68%, with prime yields forecasted to rise.
• Retail, distribution, and transport sectors are highly active, with total deals up by 2% year-over-year.
• Pricing and availability data indicate average prime city center returns, with activity driven by commercial and private investors.

Notable Transaction

A specific transaction involved St Vincent Plaza, sold by Corum Asset Management to Luxe Ltd for £36.2m in West George Street, highlighting market activity.

This summary highlights the key trends and data points for investor reference.